One of these lies in the way the world manages the creation and ownership of inventions and ideas. A protectionist strategy to How To Patent An Idea Or Product is designed to protect and prolong the lifecycle of existing technologies, and allow innovators to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also causes it to be tougher for new and a lot more sustainable technologies to be developed and adopted. That explains why there are now other approaches being utilized to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has been doing exactly that. Tesla CEO Elon Musk “shocked” the planet in 2014 as he announced that his company was joining the open source movement and giving out its patents free of charge. It is important to be aware of the rationale here. Why would an organization who had worked so hard to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away free of charge?
Tesla initially created a patent portfolio to guard its technology. However, Tesla’s concern that it might be overwhelmed once established car makers ramped up their manufacture of electric cars never arrived at pass. Instead, it saw the electrical car market stagnate at under 1% of total vehicle sales. So Tesla changed its strategy from attempting to prevent others from building electric cars to attempting to encourage them in to the market.
Area of the reasoning here is that if more electric cars are designed, then more battery recharging stations will likely be built too. This would make electric cars be a little more visible, along with a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electrical car market, and for that reason, build its very own share from the total automotive market.
This type of careful control over Innovation at company level, maintained by policy-level awareness, can be quite a powerful way to support the same types of transitions to more sustainable technologies in other industries too.
Energy supply faces an array of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. Water supply sector is restricted by water scarcity, pollutants, extreme environmental events like flooding and expenses associated with supplying water to communities in poor countries and remote communities. The agri-food sector, meanwhile, is under pressure to sustainably produce more food as well as address malnutrition in poor countries.
For these industries to navigate a path around these complications, new knowledge and the innovations that follow is going to be essential. And in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
When the ownership of Inventhelp Office is fragmented inside an industry, it could decrease technology innovation and uptake, such as inside the electronics industry where multiple players own complementary patents. However, firms can instead open up their innovation processes and depart from jealously guarded, internal cultures, where kxwlfd property is utilized to safeguard and prolong lifecycles. This modification may see knowledge sharing leading to accelerated innovation cycles as well as a more rapid uptake of sustainable alternatives throughout a sector: precisely what Tesla was hoping for in electric vehicles.
This approach to intellectual property, so-called “open IP”, is well advanced and mature within the software industry and healthcare. It has given use of life-saving medicines to thousands of people, specifically in developing countries through patent pools, such as the Medicine Patent Pool. This type of project relies upon multinational pharmaceutical companies sharing their intellectual property, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s its not all about open IP.